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You don't think that the XMR/BTC chart will have any impact on your life? Genuine question. I really have a hard time understanding why you wouldn't focus on better privacy tools on Bitcoin instead of dooming yourself with an entirely separate currency.

ede3d957... 1y ago

I do think that markets move in cycles and the last 7 years have been in favour of Bitcoin. Mainly because BTC has seen institutional investment, while Monero got delisted because it stayed true to its cypherpunk roots not willing to comprpmise on user privacy (regulatory pressure) and also because it suffered from fractionally reserved exchanges like Binance (price suppression).

I also believe in trading long term waves over "holding forever" - buy low and sell high.

Monero has a lower supply for the next 16 years than BTC and a similar inflation. Meaning, the only risk there is, is an undetected inflation bug. That's a risk I can easily hedge. Risk from regulatory pressure and delisting is priced in, Which tells me that risk vs reward is hugely in favour of Monro over anything else (including Bitcoin).

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Discussion

Zach⚡️ 1y ago

Best of luck to you.

ede3d957... 1y ago

Thank you. Everybody will need some luck to survive the turmoil of the next decade.

I feel quite well positioned with my non maxi position. Having some Bitcoin, Monero and gold doesn't seem to be reckless.

Zach⚡️ 1y ago

The only reason I get in these discussions with Monero people is because of the evangelization of it over Bitcoin that I constantly hear. I guess I know how the fiat people must feel now lol.

But any differences aside that we have, I'm sure we agree on 90% of issues and I hope that life treats you well.

ede3d957... 1y ago

Don't you think it is interesting that the only shitcoiners that found their way to nostr are early Bitcoiners now into Monero?

I do think that is because nostr represents freedom just as much as does Bitcoin and Monero. And yes we have more than 90% in common. You value audiability, immutability, node decentralization and a fixed supply higher than privacy, long term miner rewards (security) and decentralized CPU mining.

There are tradeoffs.

Garth Algar 1y ago

Unlimited supply in combination with mainly trading the coin for fiat gains, makes it a weak asset imo. BTCs success is based on the real hodlers that keep their biggest part of fiat in btc, not in gold, silver, bonds, real estate etc.

Could you agree?